Clarendon Private LLC Boosts Holdings in UnitedHealth Group Incorporated (NYSE:UNH)

Clarendon Private LLC lifted its holdings in UnitedHealth Group Incorporated (NYSE:UNH) by 2.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,650 shares of the healthcare conglomerate’s stock after buying an additional 66 shares during the period. UnitedHealth Group makes up 1.5% of Clarendon Private LLC’s holdings, making the stock its 15th biggest position. Clarendon Private LLC’s holdings in UnitedHealth Group were worth $1,388,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Viawealth LLC increased its position in UnitedHealth Group by 10.5% during the first quarter. Viawealth LLC now owns 7,999 shares of the healthcare conglomerate’s stock worth $4,190,000 after purchasing an additional 757 shares during the last quarter. Pinnacle Wealth Management Advisory Group LLC increased its position in UnitedHealth Group by 4.5% during the first quarter. Pinnacle Wealth Management Advisory Group LLC now owns 8,750 shares of the healthcare conglomerate’s stock worth $4,583,000 after purchasing an additional 373 shares during the last quarter. Fielder Capital Group LLC increased its position in UnitedHealth Group by 4.6% during the first quarter. Fielder Capital Group LLC now owns 4,824 shares of the healthcare conglomerate’s stock worth $2,527,000 after purchasing an additional 211 shares during the last quarter. Patten & Patten Inc. TN increased its position in UnitedHealth Group by 1.8% during the first quarter. Patten & Patten Inc. TN now owns 41,008 shares of the healthcare conglomerate’s stock worth $21,478,000 after purchasing an additional 731 shares during the last quarter. Finally, Evermay Wealth Management LLC increased its position in shares of UnitedHealth Group by 1.2% during the first quarter. Evermay Wealth Management LLC now owns 2,413 shares of the healthcare conglomerate’s stock valued at $1,264,000 after acquiring an additional 29 shares during the last quarter. 87.86% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

UNH has been the subject of a number of recent analyst reports. Barclays reiterated an “overweight” rating on shares of UnitedHealth Group in a research report on Thursday, July 17th. Wells Fargo & Company dropped their price target on shares of UnitedHealth Group from $351.00 to $306.00 and set an “overweight” rating for the company in a research report on Friday. Hsbc Global Res cut shares of UnitedHealth Group from a “hold” rating to a “moderate sell” rating in a research report on Wednesday, May 21st. Bank of America lowered shares of UnitedHealth Group from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $560.00 to $350.00 in a research note on Wednesday, May 14th. Finally, Truist Financial lowered their price objective on shares of UnitedHealth Group from $360.00 to $345.00 and set a “buy” rating for the company in a research note on Wednesday, July 16th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $392.29.

UnitedHealth Group Stock Performance

Shares of UnitedHealth Group stock opened at $282.13 on Tuesday. The firm’s fifty day simple moving average is $300.91 and its 200-day simple moving average is $422.56. The stock has a market capitalization of $255.93 billion, a price-to-earnings ratio of 11.81, a PEG ratio of 1.39 and a beta of 0.45. UnitedHealth Group Incorporated has a 12 month low of $248.88 and a 12 month high of $630.73. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.85 and a quick ratio of 0.85.

UnitedHealth Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 24th. Shareholders of record on Monday, June 16th were paid a $2.21 dividend. This is a boost from UnitedHealth Group’s previous quarterly dividend of $2.10. This represents a $8.84 annualized dividend and a yield of 3.13%. The ex-dividend date of this dividend was Monday, June 16th. UnitedHealth Group’s payout ratio is currently 37.02%.

Insider Buying and Selling

In related news, Director Timothy Patrick Flynn purchased 1,533 shares of the stock in a transaction dated Wednesday, May 14th. The shares were acquired at an average cost of $320.80 per share, with a total value of $491,786.40. Following the purchase, the director directly owned 6,033 shares in the company, valued at $1,935,386.40. This trade represents a 34.07% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO John F. Rex purchased 17,175 shares of the stock in a transaction dated Friday, May 16th. The shares were bought at an average cost of $291.12 per share, for a total transaction of $4,999,986.00. Following the completion of the purchase, the chief financial officer owned 203,796 shares in the company, valued at approximately $59,329,091.52. This trade represents a 9.20% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired a total of 109,408 shares of company stock worth $31,607,768 in the last ninety days. Insiders own 0.28% of the company’s stock.

About UnitedHealth Group

UnitedHealth Group Incorporated operates as a diversified health care company in the United States. The company operates through four segments: UnitedHealthcare, Optum Health, Optum Insight, and Optum Rx. The UnitedHealthcare segment offers consumer-oriented health benefit plans and services for national employers, public sector employers, mid-sized employers, small businesses, and individuals; health care coverage, and health and well-being services to individuals age 50 and older addressing their needs; Medicaid plans, children's health insurance and health care programs; and health and dental benefits, and hospital and clinical services, as well as health care benefits products and services to state programs caring for the economically disadvantaged, medically underserved, and those without the benefit of employer-funded health care coverage.